I'm probably the biggest Zynga (NASDAQ:ZNGA) bear there is - and have been for some time - but even I'm a bit confused by the stock's recent trading. Shares have fallen 20% year-to-date, amidst rough broad market trading, which strikes me as a bit odd (is the tiny core of paying Zynga customers really that economically sensitive?) The stock fell another ~10% after-hours Wednesday after fourth quarter results appeared to disappoint, with users declining and Q1 bookings guidance apparently well below analyst expectations.
That, too, strikes me as odd, because, honestly: who's surprised by this? It was clear that when, on the Q3 call, the company wouldn't specify launch dates for the two NaturalMotion games, that their...
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